PANews reported on May 15th, citing CoinDesk, that altcoins have recently outperformed Bitcoin as market risk appetite recovers, with Hyperliquid's ecosystem token HYPE leading the 24-hour gains. Data shows that funds are shifting from Bitcoin and Ethereum to highly volatile assets, driving up the prices of some DeFi and trading platform-related tokens. Analysts point out that improved trader risk sentiment and active derivatives markets are key reasons for altcoins' recent outperformance of BTC.